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An Eligible § 501(c)(3) Organization Has Made the § 501(h)

question 37

Essay

An eligible § 501(c)(3) organization has made the § 501(h) election to participate in lobbying on a limited basis. If the lobbying nontaxable amount is exceeded, what are the potential tax consequences to the exempt organization?


Definitions:

Periodic Tenancy

A lease agreement that continues for successive periods until terminated by either party.

Tenancy at Sufferance

A situation where a tenant continues to live in a property after their lease has ended without the consent of the landlord.

Notice to Quit

A written notification given by a landlord to a tenant to vacate the premises within a specified time frame, usually for violating terms of the lease or for holding over beyond the lease term.

Sublease

An agreement where the original tenant leases out a portion or all of their rented property to another tenant.

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